Bitcoin - Attempt To Break Support

Bitcoin still trading near major support area, near $4200. Although it went slightly lower, a weekly close below is needed to add extra pressure on the price and push it lower. At this point Daily close below $4100 could be the first indication of the BTC weakness in the short term.

Nevertheless, Bitcoin remains strong and buyers still dominating this market. Investors should be looking for buying opportunities on a breakout above $4400. Selling BTC might be too risky now.